Gold Futures End Lower Amid Cautious Trading Ahead Of US Inflation Report

By Harizah Hanim Mohamed

KUALA LUMPUR, July 15 (Bernama) -- The gold futures contracts on Bursa Malaysia Derivatives ended easier as market players await the United States (US) inflation data tonight.

SPI Asset Management managing partner Stephen Innes said traders will be watching tonight’s US inflation data, not for past trends, but to see if US President Donald Trump’s tariffs are starting to raise household prices.

“Bullion has already priced in the US Federal Reserve’s dovish stance and geopolitical risks, and is now in a ‘wait-and-see’ mode. Still, gold and the US dollar remain highly sensitive to any economic surprises,” he told Bernama.

At the close, spot-month July 2025 contract slipped to US$3,371.60 per troy ounce from US$3,377.70 per troy ounce yesterday.

The August 2025 contract fell to US$3,389.80 per troy ounce from US$3,394.90 per troy ounce at Monday’s close, and the September 2025 contract slid to US$3,395.70 per troy ounce from US$3,418.0 previously.

The October 2025, December 2025 and February 2026 contracts each settled easier at US$3,423.80 per troy ounce from US$3,430.40 yesterday.

Trading volume jumped to 68 lots from 37 lots at yesterday’s close, while open interest rose to 99 contracts from 78 contracts previously.

Physical gold was priced at US$3,351.15 per troy ounce, based on the London Bullion Market Association’s afternoon fix on July 14, 2025.

-- BERNAMA